Financial education at age XX ?

[pandus13]

Hello BITOGers,

If Tomorrow you would be:
-20
-30
-40
-50
-60
years old, what would you do different, what would you start and what would you want to know?

Me , at 20, I would invest more of my time into me and not for others. Learn about compound interest, rule of 72, stocks, investments, RE, working with people (I'm a shy nerd)
At 30, open my eyes since 2005-2009 was coming
at 40, well I'm here and still a lot to learn...

 

[Mr Nice]

Marry a rich woman with no children. Just kidding.

Save and invest at an early age (late teens) and don't spend money on $#?+.

 

[mightymousetech]

I would learn how to spell education.

 

[CT8]

Originally Posted By: Mr Nice
Marry a rich woman with no children.
+1

 

[maverickfhs]

Originally Posted By: Mr Nice
Marry a rich woman with no children. Just kidding.

Waited for that, far too long

 

[pandus13]

Originally Posted By: mightymousetech
I would learn how to spell education.

I don't know how to drive stick. Can I get a pass?

 

[dlundblad]

Originally Posted By: Mr Nice
Marry a rich woman with no children. Just kidding.

Save and invest at an early age (late teens) and don't spend money on $#?+.

x2 to the red, but I had to highlight the part about marrying a rich woman.

 

[dlundblad]

Originally Posted By: pandus13
Originally Posted By: mightymousetech
I would learn how to spell education.

I don't know how to drive stick. Can I get a pass?

Only if you're female.

 

[skyactiv]

OMG, my wife drives a stick, makes well over 6 figures and we have no kids!

 

[Andrew1972]

20's travel way more. Expensive now with family of 5, more daring and joined the dot.coms instead of steady low pay places
30's bought less expensive or brand new home and had a 2nd vacation/investment home
40's realized earlier to take more time off/feign sick since I am a contractor and kids young only once and my favorite skiing powder days happen rarely,

 

[SonofJoe]

I doubt if I would do anything different. My biggest cock-ups were, with the benefit of hindsight, probably the best & deepest learning experiences I ever had.

 

[Lolvoguy]

Originally Posted By: SonofJoe
I doubt if I would do anything different. My biggest cock-ups were, with the benefit of hindsight, probably the best & deepest learning experiences I ever had.

Exactly.

0-death - Not worry so much about money. It's not the root of happiness

 

[JLTD]

All the above financial info makes sense; I would also listen to my dad more, he was a whiz at investing. Oh, and get into my desired career path much earlier than I did.

 

[cashmoney]

Learn as early as possible that having money in the bank as well as solid conservative investments produces security, power, and peace of mind. Those three things are 1000x more important than having the latest expensive car and/or truck or a way too expensive home that you really can't afford if you are also saving and investing for the future.

Stay out of debt especially the stupid kind of consumer debt used to fund credit card balances, cars, trucks, vacations, etc. All hat and no cattle posers are destined to never stop working and never really be able to relax. Learn to avoid consumer and installment debt and to not spend money on showy, stupid &^R*#&T^ and life will be way better.

 

[Wolf359]

Originally Posted By: skyactiv
OMG, my wife drives a stick, makes well over 6 figures and we have no kids!


You hit the jackpot and you didn't even know it!

 

[Bud]

At 70 the only thing I wouldn't do over is buy that 76 Pacer wagon.

 

[FordBroncoVWJeta]

Originally Posted By: skyactiv
OMG, my wife drives a stick, makes well over 6 figures and we have no kids!
You forgot about me, DAD!

 

[ATex7239]

Invest more and earlier, and stay away from crazy women...

 

[maverickfhs]

Originally Posted By: cashmoney
Learn as early as possible that having money in the bank as well as solid conservative investments produces security, power, and peace of mind. Those three things are 1000x more important than having the latest expensive car and/or truck or a way too expensive home that you really can't afford if you are also saving and investing for the future.

Stay out of debt especially the stupid kind of consumer debt used to fund credit card balances, cars, trucks, vacations, etc. All hat and no cattle posers are destined to never stop working and never really be able to relax. Learn to avoid consumer and installment debt and to not spend money on showy, stupid &^R*#&T^ and life will be way better.


Very well said...

 

[Mr Nice]

pandus13,

Did you start an IRA yet ?



cash money,

Yes, money in the bank reduces stress and worries. Especially for unexpected things in life that can destroy your finances.